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Supreme Cannabis announces shareholder approval of arrangement with T.WEED

Stockhouse Editorial
2 Comments| June 14, 2021

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Click to enlargeThe Supreme Cannabis Company Inc. (FIRE) (TSX.FIRE) has announced today the closing of its previously announced that, at its special meeting of shareholders of Supreme, FIRE Shareholders approved the plan of arrangement with Canopy Growth Corp. (TSX.WEED) – the world’s largest cannabis producer – pursuant to which, among other things, Canopy will acquire all of the issued and outstanding common shares of Supreme for consideration consisting of 0.01165872 of a Canopy common share and $0.0001 in cash in exchange for each Supreme Share held, which was previously announced on April 8, 2021.

The Arrangement required approval by at least two-thirds (66 2/3%) of the votes cast by Supreme Shareholders on the resolution approving the Arrangement, present virtually or represented by proxy and entitled to vote at the Supreme Meeting.

Full news release here.


New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.


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